abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO - Get Free Report)'s stock price dropped 0.5% during trading on Friday . The company traded as low as $6.31 and last traded at $6.35. Approximately 60,741 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 72,601 shares. The stock had previously closed at $6.38.
abrdn Global Income Fund Price Performance
The company has a 50-day simple moving average of $6.06.
abrdn Global Income Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.07 per share. The ex-dividend date is Monday, June 23rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 13.23%.
Institutional Investors Weigh In On abrdn Global Income Fund
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Foundations Investment Advisors LLC acquired a new position in abrdn Global Income Fund during the 1st quarter worth $61,000. LPL Financial LLC acquired a new stake in abrdn Global Income Fund in the fourth quarter valued at approximately $64,000. Detalus Advisors LLC acquired a new position in abrdn Global Income Fund during the 1st quarter valued at $66,000. Ethos Financial Group LLC bought a new stake in abrdn Global Income Fund in the 1st quarter valued at $96,000. Finally, Integrity Alliance LLC. acquired a new position in abrdn Global Income Fund during the 1st quarter worth about $138,000. 10.79% of the stock is owned by hedge funds and other institutional investors.
About abrdn Global Income Fund
(
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Abrdn Global Income Fund Inc is a closed-ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets across the globe.
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